Whittier Trust Co. of Nevada Inc. Has $2.99 Million Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Whittier Trust Co. of Nevada Inc. decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 24.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,018 shares of the utilities provider’s stock after selling 7,610 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in American Water Works were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AWK. Crews Bank & Trust acquired a new stake in American Water Works during the 4th quarter worth about $26,000. Providence First Trust Co acquired a new stake in American Water Works during the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in American Water Works during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its position in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 103 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new stake in American Water Works during the 4th quarter worth about $47,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 0.6 %

Shares of AWK stock opened at $140.90 on Friday. The stock’s 50 day simple moving average is $131.33 and its 200 day simple moving average is $134.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.39. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $152.07. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.80 and a beta of 0.69.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AWK shares. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price target on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.86.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.